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Record-Keeping in Small Business

By Small Business Administration

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Book Id: WPLBN0000696900
Format Type: PDF eBook
File Size: 224,794 KB.
Reproduction Date: 2006
Full Text

Title: Record-Keeping in Small Business  
Author: Small Business Administration
Volume:
Language: English
Subject: Small Business Administration, Small business bulletin, Regulations, codes, and protocols
Collections: Small Business Administration Collection
Historic
Publication Date:
Publisher: Small Business Administration

Description
Government Reference Publication

Excerpt
Introduction : an appropriate record-keeping system can determine the survival or failure of a new business. For those already in business, good record-keeping systems can increase the chances of staying in business and the opportunity to earn larger profits. Complete records will keep you in touch with your business's operations and obligations and help you see problems before they occur. This publication explains the characteristics of and procedure for establishing a good record-keeping system.

Table of Contents
TABLE OF CONTENTS INTRODUCTION 1 THE NEED FOR GOOD RECORDS 1 Monitor Inventory 1 Control Expenses 1 Fulfill Payroll Requirements 1 Determine Profit Margin 1 Improve Cash Flow 2 Use Supplier Discounts 2 Measure Performance 2 RREQUIREMENTS OF A GOOD SYSTEM 2 Commercial Record-Keeping Systems 2 Computerized Record Keeping 2 METHOD OF ACCOUNTING Cash Basis Method 3 Accrual Basis Method 3

 

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